Germany based TeamViewer a remote connectivity software organization is reported to have acquired a United States based company—Upskill, which hold specialization in augmented reality applications for front-line workers.
This deal makes the third acquisition for Chief Executive Officer, Oliver Steil ever since TeamViewer which is currently headquartered in Goeppingen which was backed by private equity Permira, though the terms for the transaction were never disclosed.
Various reports suggested that in an interview Steil state that the acquisition will help TeamViewer to strengthen its position in the United States which is largest markets as per billings. Although he still held stronghold in the markets in depth deals which would help in expansion the range of products.
“We are interested in complementary teams with complementary capabilities,” Steil expressed. The company, TeamViewer has raised almost USD 360 million i.e. 300 million euro loan, which has strong cash flow that can utilized for the better work, he continued. Moreover, he flagged his gained interest in expansion of the augmented reality, IoT and smart devices when TeamViewer filed its annual reports in the February, 2021, and addressed the possibility of their business growth to its third in the year 2021.
This acquisition of Upskill and TeamViewer, will help TeamViewer with the ability to support personnel using mobile devices and smart glasses for better factory equipment, along with the client’s list which includes Boeing and Merck KGaA. Upskill was founded in the 2010, which is privately held company and has raised around USD 53 million through fund backings, as per various reports.
TeamViewer was launched in the year 2005, on an ideology on focusing on the cloud-based technologies in order to enable remote support online and collaborating across the globe. The company understands that in order to thrive in the upcoming years, business might need remote desktop support remote access, and online platform to connect with the world. The company believes that the application should be a catalyst to promote and enhance individual’s ideas to overcome the challenges. Currently, many people are collectively using TeamViewer technology which has resulted to be in billions all around the world and in future will do so.
“Our existing customers will benefit from an accelerated product development roadmap, global reach, and additional solutions and features within the TeamViewer portfolio,” stated Brain Ballard the CEO of Brian Ballard.
Ever since the Fourth Industrial Revolution came into the picture, the businesses have taken off to unimaginable statures. Though the world has to face the unfortunate situations amid COVID-19 pandemic, yet the businesses have rocket-boosted. Many instances such as Apple crossing 1 trillion USD mark, Jeff Bezos crossing the 100 billion USD range and the Elon Musk becoming richest man in the world even for the short period. This article is not about the businesses, but about the business tycoons who made this revolution possible. Here are the top 10 business tycoons to follow:
Jeff Bezos
Net Worth-USD 193.4 billion
Founder of the biggest e-commerce company—Amazon, and Chief Executive Officer of the same Jeff Bezos has total assets are estimated to be USD 193.4 billion. He is the most influential entity in the business world. Though his separation with his companion in the year 2019 has taken away the one fourth of his Amazon stakes to her. He started the company in the 1994 and since then his journey has been exceptional and inspiring for many budding entrepreneurs and business individuals. This pandemic may brought many heckles to various businesses but it has brought blooms to Amazon, as numerous consumers shopped on the online.
Elon Musk
Net Worth- USD 171.6 billion
This multi-billionaire entrepreneur cum investor, Elon Musk is on the verge to make a dent in the universe by its exceptional projects. His focus is to create a transformation in the transportation both on Earth and space. He founded SpaceX with an aim to colonize Mars, and stretching the limits of human race. This rocket organization is projected to be worth around USD 100 billion. Whereas, his baby project Tesla electric cars has become one of the largest automation company with market capitalization of USD 342 billion.
In the month of January, 2021, he became the richest man in the world taking over Jeff Bezos, but soon, due to loss in Tesla shares recently he fell to second rank.
Bernard Arnault & Family
Net Worth—USD 155.1 billion
Bernard Arnault, the Chief Executive Officer and Chairman of LVMH—France stands third with the estimated net worth of USD 155.1 billion; which extends his total assets dividing in various domain which includes total 70 brands especially Louis Vuitton and Sephora. With less media appearances, Bernard has acquired around USD 100 billion in the year 2020.
Bill Gates
Net Worth– USD 123.2 billion
“Internet is the new big things.” With quoting such a statement Bill Gates did predicted the tech future. He stayed one of the richest person in the world for almost a decade straight. Currently, with an estimated amount of USD 123.2 billion, Bill ranks number fourth in the world. His Bill and Melinda Gates Foundation is one of the world’s biggest private helping hand foundation. With his partner Paul Allen, Bill Gates started the biggest software company, Microsoft, which earned exceptional success, one can ever desire for. He also held shares in Apple Inc.
Mark Zuckerberg
Net Worth– USD 98.5 billion
With an estimation of USD 98.5 billion, Mark Zuckerberg, the Chief Executive Officer and director of Facebook ranks number fifth in the race of richest business tycoons in the world. He possess 15 percent stakes in the company Facebook. He is the youngest in this list of richest business tycoons. With keen acquiring strategy, Mark acquired two most successful social media company in the last decade that are Whatsapp and Instagram. These two apps have helped the Facebook in achieving various recognition and benefits for the company. His creation Facebook helped robustly in bringing people together transforming the definition of being social.
Zhong Shanshan
Net Worth—USD 94.8 billion
Being the richest person in the China, Zhong Shanshan estimated to be worth of USD 94.8 billion making him sixth richest business tycoon in the world. He is the Chairman of a pharmaceutical company, Wantai. Moreover, prior to creating his own business Nongfu Spring, he took various jobs like development laborer as well as journalist.
Warren Buffet
Net Worth – USD 92.4 billion
Warren Buffet, one of the most respectable entity in the share market, also known as the Oracle of Omaha. His net worth is estimated to be USD 92.4 billion making him seventh richest person in the world. Warren owns Berkshire Hathaway which includes around 60 organizations. He purchased his first stock at 11 years old, and today he ranks between top 10 richest business tycoons across world.
Larry Page
Net Worth – USD 91.6 billion
Larry Page one of the benefactor of Google, is estimated to have net worth USD 91.6 billion, making him eighth richest person and securing a place in the top 10 business tycoons across world. He has invested in many organizations such as Planetary Resources—a space investigation organization, as well as in new businesses Kitty Hawk and Opener, and many more.
Sergey Brin
Net Worth – USD 88.8 billion
Being a crucial part of Alphabet and board of the committee, Sergey Brin is estimated to have net worth of USD 88.8 billion making him one of the top 10 business tycoons across the globe. Along with Larry Page, in 1998, Sergey started Google which is the biggest search engine out there. The company later on became a part of Alphabet in the year 2015.
Larry Ellison
Net Worth – USD 86.6 billion
Larry Ellison made a fortune from the company Oracle, which he with other colleague started in the year 1977. His net worth stands to be USD 86.6 billion which makes in this list of exceptional business tycoons. In the year 2014, he left the position as the Chief Executive Officer of Oracle. Whereas, he works as a Director of the board in the same company. He also holds a position as the leading member of Tesla, whose stocks are continuously rising with some backlashes.
Various reports have suggested that the Coinbase Global Inc., the cryptocurrency trading platform the awaited public offerings post filing paperwork with the Securities and Exchange Commission in the month of February.
Coinbase, in order to go public is aiming to employee nontraditional direct listing, and one such listing would be Nasdaq Inc. in exchange under the symbol “COIN”. This type of direct listing clearly indicates that, Coinbase will not be raising any new monetary assets which was unlikely carried out by Palantir Technologies, Spotify Technologies, Slack Technologies in these passed years. Below are the details one might seek of Coinbase in its public offerings:
The company was co-founded in the year 2012 by Brain Armstrong, who also plays the role of Chief Executive Officer, with Fred Ehrsam, the director of Coinbase. As per various reports, Armstrong’s networth is currently $6.5 billion which is directly based on his owning in the Coinbase, and if the above mentioned direct listing goes off successfully then the net worth will tend to increase. The company is starting with the rapidly growing and which is currently number one in the market i.e. bitcoin. Whereas, bitcoin has acquired attention of many as it has broken its own records many times and touched its peak above USD 58,000 which has resulted in driving the gains through exchanges. It has hit the market value of USD 1 trillion in the recent time, which almost 70 per cent of the total crypto market whilst there are many other popular cyrptocurrencies out there trading on Coinbase, not excluding ether based on Etherum’s blockchain, Litecoin and Bitcoin Cash created by the individuals known as Satoshi Nakamoto. The reports also states that Andreessen Horowitz, a venture-capital firm which happens to the largest owner of Coinbase elevating for around quarter percent of Class A shares and 14 per cent of Class B, in an addition to Marc Andreessen , the head is on the Coinbase’s board.
Reports also suggests that Coinbase might have risk as like any other company, its biggest risk factor is that it is holding its stakes on unproven assets which is a decade old. Basically the company is attempting to make such cryptocurrencies like Bitcoin and Ethereum and other various alternative crypto coins out there in the market which are already written or are in the process. “There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected,” writes Coinbase in its S-1 filing.
It has also facing the many backlashes by various nation’s governments which might affect the exchange platform, Coinbase. Another risk for the company would be, as Satoshi Nakamoto has never been identified whether it’s an individual entity or group of people, which might bring heckles in the company’s pathway. The reports also states that Nakamoto has mined up to 1.1 million bitcoin, which is estimated to be valued for USD 46 billion at today’s values; which are left untouched. Currently, one can say that Coinbase the crypto exchange platform ranks 3 among all the largest digital asset exchanges across the globe. Risk-Management by kuv24-manager.de
As per BitInforCharts, there has been a steep rise of bitcoin which has resulted in creating millionaires at fairly rapid clip. Last reports states that bitcoin was trading up by over 6.5% at approximately USD 4,914,123. Even though the asset has fall for about 12% by the week after a high record around USD 58,332.36 in between the weekend, the bitcoin ‘the digital currency’ has ascending the wallets of crypto millionaires.
As per various reports, there are almost 93,862 accounts bitcoin holders which are worth of at least $1 million whereas, around 8,214 which are valued at and more than USD 10 million. In total, these numbers add up to 102,076 bitcoin accounts. Moreover, 422,104 accounts can elevate accounts valued at more than USD 100,000 as per reports. None can redirect the traces back to the crypto asset created in the 2009 are headed, similar to the earlier that occurred in the late 2017 when bitcoin surged to near USD 20,000 which slipped to around USD 3,000 which will take, but bitcoins growth has widely accepted even to the greater institutional ownership.
Moreover, the price of Bitcoin has surpassed USD 50,000 in February, 2021 after Elon Musk the Founder of Tesla announced a USD 1.5 billion bitcoin investment. This high-statured bitcoin was unable find support from the campaign, which has resulted in steep fall below the USD 50,000 mark. Yet, bitcoin’s price has gone up for 70 per cent in the year 2021. As per compared, bitcoin traditional rival assets Gold has fell with negative 5 per cent.
At end of the month of 2021, the bitcoin hit a market capital above USD 1 trillion, this was an exceptional moment with many players dipping their toes into cryptocurrencies, not excluding PayPal Holdings Inc. PYPL, which started up its cryptocurrency platform to United States customers. Moreover, various high-profile Wall Street investors, not excluding the Stanley Druckenmiller have embraced bitcoin.
As per various reports, cryptos requires a steely constitution. In one year, bitcoin has gone through various corrections, which has been decline form the peak of at least 10 per cent but not more than 20 percent, and two bear markets, which mostly defined as falling by 20 per cent as per various reports. Currently, bitcoin and other cryptocurrencies are taken as highly speculative and the assets which can be written as out of picture by stern global regulation. Though the current movement is driving in the favour of bitcoin enthusiasts, but the blockchain technology is reliable and there is quite a high chance of introduction of new cyrptocurrencies in the market.
Women have been breaking the glass ceiling in all walks of life, especially the business world. According to research, now women are in charge of four out of 10 businesses in the U.S., and the number of businesses owned by women’s own has gone up by 114 percent in reference to the data acquired twenty years ago. Of course, they are in no mood to slow down and more and more women are going to college and educating themselves, and becoming the prime breadwinner in their respective families.
In spite of all the progress women are making in the right direction, they still struggle in terms of management of cash and especially investing, compared to their counterparts. According to a popular business magazine, women are far behind men when it comes to financial literacy tests and they also tend to invest 40 percent less in comparison with men. Though women are considered great with saving as they save 9 percent of their salary, while on the other hand men save only 8.6 percent. But when women were asked what they would do if they were handed $1,000, and the immediate response was that they were 35 percent less likely to invest the money when compared to men.
Even though women entrepreneurs run business excellently and are great at money-saving. They have a hard time understanding the importance of investing – even at the cost of taking some risks. In order to help women invest more, there are tons of online investing platform made for women, that has taken an initiative to bring the change by providing the required guidance and mentoring needed to handle those risks successfully.
Why investing can be difficult for women entrepreneurs?
Women entrepreneurs have higher chances of gaining more personal and business capital through investing. They can also advance their savings and secure their financial future. For example, if they put their money into a traditional savings account, which will build upon average only about .01 percent to .06 percent a year in interest, whereas, comparing that to the stock market, where one can get historical returns of 10 percent and the window to gain quarterly dividends. So if they are putting $1,000 into a savings account and gaining .05 percent interest, they would be getting $5 in interest over the course of a year. But, if they put it into the stock market, then they can potentially get a 10 percent return, and eventually, they’ll make $100 that year.
But how to actually get started?
Associating with online investing platforms will definitely help in creating and managing their personalized portfolios. The investment algorithm will weigh crucial factors in women’s lives such as career breaks, pay gaps, and longer lifespans, and decide with their financial planners.
Women entrepreneurs might find it intimidating, as they have never bought a stock share but now have a desire to get into bonds and real estate but don’t know-how. But with the help of proper guidance, they can start investing in a diversified portfolio easily and begin to boost their financial future.
When human beings were living in the wild and society had not yet been established, there was a sense of equality between men and women. As societies developed all over the world, the status of women in these societies gradually reduced and women had very little or no power. This reduced their influence and almost made women the weaker citizens or secondary citizens in society as compared to their male counterparts. Systemic sexism, no control over their lives and destiny, physical and mental abuse and a lack of respect for women has been seen all over the world for thousands of years. But over the last few decades, women are finally but gradually getting more empowered and women’s empowerment is beneficial for the women in the society as well as the society in general.
Steps to Empower Women in the 21st Century
The circumstance of one woman is very different from another but women’s empowerment is a global concept and some countries are doing better on this score than others.
Some basic methods and steps are needed in most societies to empower women. Education is the basic step to empower women as an educated woman can earn a living and also know her fundamental rights.
Access to food and clean drinking water is an essential step and in some countries, access to sanitary toilets is also essential.
It is essential to make people understand that young girls have to be treated equally at home and in society. Encouraging them to work towards a fulfilling and achievement- oriented life is important.
Improved access to healthcare, ability to work and earn money, protections from physical and mental abuse at home and in the workplace, and just giving respect to women is important.
The access to police protection and also a just and fair rule of law in society helps in women empowerment. The rights to vote, elimination of practices like child marriage, and better inheritance laws for women are all important steps toward women’s empowerment. In some cases, reservation for women in politics, in employment and education helps in the empowerment of women.
Benefits of Women’s Empowerment
The main benefit of women’s empowerment is the upliftment for women and equality in society all over the world. Women are half of the population on the planet and it is important culturally and economically for women to contribute to society. The steps of women empowerment mentioned above, protect women, give them a sense of equality and achievement and also make them more valuable members of society. Braking through barriers make women more independent and more confident, this makes it beneficial for society. Women are good at making a decision, calmly reacting to situations, solving problems and encouraging women to study or work in non-traditional fields like politics and science is a great idea.
The benefits to women and society of empowering women are limitless. It is a smart choice to make society more just, equal and one that encourages and respects women. It is a gradual process and the world is changing in this aspect one day at a time.
Women entrepreneurs represent one of the best business leaders in the world has ever seen. Entrepreneurship, once considered a man’s world, has slowly changed. Despite progress, women continue to face challenges. Fear of failure, lack of security and difficulties in obtaining financing are some of the obstacles that women entrepreneurs tend to face over their male counterparts,
Harmonize company and family
Women entrepreneurs are often torn between commitment to family and business. The foundations on which the foundations of the family are built are provided by women. Furthermore, they have grown up in a culture that expects them to always fill a variety of roles.
All aspects of life increase and decrease depending on where our energy is invested. Hard work, sacrifice, and determination are the keys to harmonizing facets in life. Create realistic expectations and come to terms with the fact that no one should do everything.
Humility vs. pride
If something goes wrong, women are likely to blame themselves for causing the mistake, while men blame external forces or luck. When something goes well, women attribute it to luck, while men see it as a confirmation of their abilities. Women need a mindset shift to reframe mistakes as feedback and an opportunity to grow.
Women need to show off more
For centuries, women have fought for recognition of their achievements. Having the confidence to promote yourself and acknowledge your successes without fear of how others will perceive you is mandatory.
One of the best ways to grow and build your company is to take advantage of your achievements and translate them into job offers. Integrate your “successful self” into business to lead the way for other women to follow your example.
Sharing experiences is another inspirational way for women to connect and be mentors. Successful women entrepreneurs must allow themselves to shine.
Convince them to invest in you
Women continue to have more difficulties than men in obtaining financing. Recent research revealed that women entrepreneurs open companies with 50 percent less capital than men.
Venture investors tend to invest in men for their potential. Instead, women are judged on their current performance. Harvard Business Review recently published that women entrepreneurs who highlight the social impact of their ventures generate more positive perceptions. When looking for financing, be prepared to clearly explain how you want your business to look in five years, how your mission will change the landscape of your industry, and your earning potential.
In simple words, several organizations actively support diverse business visions by offering loans and financial assistance for working capital. For example, Indigenous women’s entrepreneur program exist to specifically aid Indigenous women in starting and expanding their businesses. Such initiatives provide financial backing and offer valuable guidance and resources tailored to empower Indigenous entrepreneurship.
Raise the goal
Women underestimate what they can achieve. Many women start their businesses as a hobby to make some extra money without taking a lot of risk. If you have bigger dreams, it is imperative to have a clear perspective and long-term goals to direct your efforts to get what you want. Create a support network around you, celebrate progress toward goals, and continue to grow and expand your thinking.
Believe in themselves
Women are prone to putting themselves down and not trusting themselves to be successful. The 2016 BNP Paribas Global Entrepreneurship Report revealed that women are more ambitious and successful than their male counterparts when it comes to business. Catalyst found that companies with the highest representation of women in senior management consistently experienced better financial performance than the group of companies with the lowest.
Women entrepreneurs in Mexico only represent 16% of the business sector (INEGI, 2012). So much
has been said that men have more access to education, business, technology, justice and security.
And although it is true, and this should change, we must also recognize that being a woman has its
advantages in the business world. It is true that with the passage of time women have gained ground
in the business field, however, it is still not possible to have equal conditions for men and women, so
it is important to know the advantages that exist when being a woman and being enterprising.
The main advantage that women have is the commitment and dedication they have with their
company. In a world where the command most of the time is in the power of men, women have the
need to stand out, so the commitment and dedication to their company is greater in order to be able
to position it as the best.
1. You stand out from the rest automatically
As there are more men, women entrepreneurs are easily detected and it allows your presence to be
more visible.
2. They create more loyal friends in the business sector
Being few women, you will easily find a loyal friend who is going through the same thing as you,
someone you can trust and unconditional mutual support.
3. There are supports and events only to empower women entrepreneurs
At present, specific events are created to empower or empower women, as well as associations of
businesswomen and public entities in order to support women. Yes, focused only for women.
4. Women live longer than men
Women live on average longer than men, in 2014, life expectancy was 77 years for women, and 72
years for men. (INEGI) In other words, we can: undertake, make mistakes, start again, be successful,
and even then we will have a few more years.
5. Women learn to make the most of time
This is experienced a lot by businesswomen with children, since having to combine personal, family,
professional, couple life, etc .; They learn to manage their time very well, to do things very well the
first time, and to prioritize objectives.
You are accepted more easily
According to a survey carried out by the Center for Social Studies and Public Opinion, 78% of people
believe that women are more trustworthy versus 21.7% men. That is, by being considered as more
reliable, you will have more opportunities if you decide to be an entrepreneurial woman.
There is less to expect from you
And it does not mean that they do not take you into account, but that there are few women, you will
not have stereotypes extracts to follow, and you can build your style little by little.
You will never get bored because you will have constant changes
Unlike men, women can become pregnant and have children, which will require changes from
pregnancy, birth and at each stage of development, which will require you to adapt
In short, being a woman is not the easiest thing in the world, but it does have its advantages. We
must continue fighting to leave behind all the disadvantages, we must recognize all the good that we
have and help more women to undertake.
A startup is a term used for newly established business. Over the last decade, many newly started businesses in the tech industry have revolutionized the industry and become multinational and multibillion-dollar enterprises. Startups are encouraged by governments all over the world especially in the tech sector. This sector is a highly progressive and innovative sector of business that can offer jobs to millions of people all over the world. A startup is a relatively young company and generally issues an IPO after achieving a certain amount of success with the products and services offered by the company. Every year there are many startups that are established all over the world and some of them work while many fail. People who establish startups have new ideas and unique selling propositions to attract customers. The tech industry often keeps a lookout for new startups to invest in which one can offer new products and services to customers. There are major publications like Forbes that keep a tab on these new startups every year. These tech industry startups are ones that are causing the most buzz in the industry in any given year. The following are some of the top tech startups of 2019:
Bulb
Natural disasters, global warming, and climate change are unfortunately becoming part of our lives. Many people want to take active steps to stop the process of climate change and one of the key ways to do this is to use renewable sources of energy. A Bulb is a great app that is becoming popular in 2019 where members are provided with direct renewable forms of energy to power their everyday lives. Bulb provides renewable wind, solar and energy. It also provides 100% carbon neutral gas at very affordable tariff rates. The process of using renewable energy through this app is a convenient way to be eco- friendly in the 21st century.
Globechain
Globechain is a service that provides a platform where businesses can donate old items to local charities and to those in need. There is a simple process where businesses sign up and list the items they want to donate. The app or online platform connects the people who want to donate with recipient charities in need of such donations. The pickup is organized and the social impact data is provided to the business.
Huel
Huel is an online service that provides meal replacement drinks. Huel offers customers nutritious “ready to drink” drinks in different flavors, gluten-free Huel powder for drinks, Huel flavor boosts in different flavors, Huel candy, and granola bars and also sells Huel accessories. Huel is vegan, nutritious, lactose-free, soy free, GMO-free and is very nutritious as it is designed by top nutritionists. Huel is a great startup and is a top tech startup according to Forbes.
PatSnap
Innovation is the key to growth and there are millions of innovators, researchers, and scientists all over the world. This is a great database that is used by research scientists; intellectual property rights experts, and patent seekers all over the world. The database gives companies and individuals in this field access to 130 million documents in the field of research and development, intellectual property, strategy and business, and life sciences.
Nurx
Healthcare is a major issue all over the world. One of the top startups recommended by Forbes is Nurx. This app connects patients with qualified real doctors and provides affordable prescription drugs to patients. The app specializes in birth control, HIV pills, HPV screening, and emergency contraception pills. Medication, testing kits, and a prescription are all available through this app and they provide discreet home deliveries of this app.
Nowadays, prolonged working hours have become compatible with different types of companies, businesses, and enterprises all over the world. For entrepreneurs, managing work is a 24/7 job, and time management plays an essential role in this. Like managing other areas of business, time management plays a vital role for entrepreneurs to be able to handle their businesses efficiently.
The following are some simple tips for time management effectively:
5 Simple Tips for Time Management
1. Time Planning – Short Term & Long Term
Planning is an essential aspect of business in today’s times, as the environmental and market factors around the company are continually evolving and changing. Financial planning, business planning, operational planning, and product development are all done using appropriate planning tools.
Time management is a critical factor in keeping up with deadlines and managing the business on a day to day basis. Short term and long term time planning range from planning several days of business activities to allow time for a long term project.
2. Daily Scheduling
A secretary or pool of secretaries is an essential asset to any business. This is because they help manage and schedule for entrepreneurs all over the world. Secretaries maintain daily diaries and sometimes busy business entrepreneurs have their day planned on a minute to minute basis for efficient productivity and management of their time.
3. Focus On Important Tasks
Busy entrepreneurs usually have a lot of demands for their time and not enough time in a day to meet all the daily demands of the business. Entrepreneurs need to understand which tasks are essential and how much time each task deserves during the day. This will help entrepreneurs manage their time in the best possible way.
Once business operations have taken place for several years, entrepreneurs and their secretarial staff become aware of the type of tasks that require the full focus of the business owners or CEOs of the company.
4. Delegate
Most business entrepreneurs like to run a tight ship and have complete control over their business. However, one of the most straightforward time management tips for business persons is to be able to delegate in business. This means that they should have the ability to hire senior management and should be able to delegate responsibility and decision making powers in some areas to the senior management of the company.
5. Make Timely Decisions
There are two types of decisions that need to be taken in any business. This includes daily operational day to day decisions and long term decisions that could impact the future course of the business.
For good time management, it is essential to have the skills and ability to take accurate yet fast and timely decisions in business. Entrepreneurs have the skill sets to assess the pros and cons of an impending decision on time, and they should have the courage to make the decisions without spending too much time agonizing over them.
Time management is possible for even the busiest business persons running multinational organizations, and time management are critical for the right work-life balance.
